After several challenging months in lockdown, the world seems to be progressively opening back up. This is a great time for a family business to be asking itself these 5 important questions so they can champion successful partnering between the family and the business.
- Have we been able to resolve issues that we could avoid pre COVID, due to the busy-ness our duties demanded? If your answer is yes- how will you continue to sustain these productive methodologies? If your answer is no-, how are you going to address these outstanding issues before the avoidance of the issues create bigger problems?
- Did new productive ways of communication evolve during the lockdown? If so, how will they continue to benefit you as you return to business “as usual”? If productive ways of communication did not emerge, who can help frame productive communication among your family and business stakeholders, so people feel their voice is heard, their ideas are taken seriously, and you can move ahead with less friction?
- What have you learned from the lockdown to keep the family strong as the business re-opens so you do not lose the sense of the importance of family as partner? You do not want to have a family member(s) as adversary(ies) to the family business.
- What is the biggest challenge you face that needs addressing to benefit both your family and the business for years and generations to come?
- What have you discovered about your family, in the COVID lockdown, that keeps them connected, and you would like to continue post the COVID lockdown? If nothing comes to mind then ask yourself this question: What would you like to see your family develop to enhance and strengthen their connection?
If you don’t know where to turn, when answering these questions for yourself, I invite you to contact me through my web site: www.focusandsustain.com. A conversation with me might make a difference to you, your family, and your family business’s success.
Opening the doors again will create its own challenges and issues. Before they take your attention, think about what family components need to be addressed to provide a greater possibility of success to your family business’s longevity.